Agriculture Drones Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Agriculture Drones Market is segmented By Product (Software and Hardware), Application (Field Mapping, Variable Rate Application, Crop Scouting, and Others), and Geography (North America, Europe, Asia- Pacific, South America, and the Middle East & Africa)

Market Snapshot

Agriculture Drones Market Overview
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 7.1 %

Need a report that reflects how COVID-19 has impacted this market and its growth?

Market Overview

The agriculture drones market is projected to register a CAGR of 7.1% during the forecast period (2021-2026). As an impact of COVID-19, the requirement of digitization was felt in every sector. The pandemic has affected the morale of farmers across the globe. The month-long slump in food crop prices has dropped the expectation of farmers for using agricultural drones. This can be attributed to adversely affected transportation systems and lack of incomes being generated owing to the lockdown. However, the market for drones has gained momentum since the economies are operating in normal conditions amidst the COVID-19 situation. Many agritech companies came up with innovative models for easing the farming practices by focusing more on wireless platforms like drone technology to enable real-time decision making with respect to yield monitoring, crop health monitoring, field mapping, irrigation scheduling, and harvesting management, etc for enhancing the agriculture productivity.

North America and Europe are the largest and the most advanced markets with respect to the adoption of innovative technologies in the field of agriculture, while South America has the greatest potential for growth in this market. The presence of a large share of the agricultural area as fragmented holdings in Asia, especially in regions of India, limits the potential growth of the agriculture drones market over the forecast period.

Scope of the Report

Drones are a stirring innovative technology that could change how farmers manage their operations. This technology is ultimately expected to become as pervasive as tractors. Among other uses, drones are capable of collecting data that can be used to decide if crops have enough water or to even find leakages in the irrigation system. The Agriculture Drones Market is segmented By Product (Software and Hardware), By Application (Field mapping, Variable Rate Application, Crop Scouting, and Others), and By Geography (North America, Europe, Asia- Pacific, South America, and the Middle East & Africa).

Product
Hardware
Fixed-Wing
Rotary Blade
Hybrid
Software
Data Management
Imaging
Data Analytics
Others
Application
Field Mapping
Variable Rate Application
Crop Scouting
Others
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
United Kingdom
France
Germany
Rest of Europe
Asia-Pacific
India
China
Japan
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
South Africa
Rest of Middle East and Africa

Report scope can be customized per your requirements. Click here.

Key Market Trends

Increasing Adoption of Precision Farming

The concept of precision farming has a lot of advantages for the agricultural sector. Different technologies, such as global positioning systems and guided vehicles, are being developed to create an era of precision farming. The rapid growth of the agriculture sector, which is now inculcating technological innovations into its agricultural practices will continue to drive the market for precision farming, and subsequently agriculture drones as a part of it. Moreover, a shortage of employment in agriculture, which decreased from 27.8% in 2017 to 26.4% in 2020 as a percentage of the total population also led to more reliance on precision farming tools like agricultural drones. With the increasing demand for food, globally, there is constant pressure to increase agricultural productivity as well as to maintain good crop health. This is expected to lead to an increase in production.

Agriculture Drones Market Key trends

North America Dominates the Market

North America and Europe are the largest and most advanced markets with respect to the adoption of innovative technologies in the field of agriculture. As a result of declining Total Factor Productivity (TFP) in East Asia and Southeast Asia, the adoption of improved technology in agribusiness is at the center of national strategic policy goals. This is to augment food production output via enhancing cooperation between the private sector and agricultural infrastructure development. The United States is the early adopter of precision farming technologies, which is the primary factor responsible for the region’s most significant share in the global market. A considerable acceptance of modern agriculture methods by Canada is contributing to industry growth.

Agriculture Drones Market Growth by region

Competitive Landscape

The agriculture drones market is highly fragmented, with a number of local and regional players, in addition to the presence of major players. Relatively high capital requirements and the need for continuous R&D investments could affect new entrants. New entrants need to contend with the presence of market incumbents. This is because of their strong presence in several industries. Some of the players in the market are 3D Robotics Inc., AeroVironment, AgEagle LLC, DJI, and Trimble Navigation Limited.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Product

      1. 5.1.1 Hardware

        1. 5.1.1.1 Fixed-Wing

        2. 5.1.1.2 Rotary Blade

        3. 5.1.1.3 Hybrid

      2. 5.1.2 Software

        1. 5.1.2.1 Data Management

        2. 5.1.2.2 Imaging

        3. 5.1.2.3 Data Analytics

        4. 5.1.2.4 Others

    2. 5.2 Application

      1. 5.2.1 Field Mapping

      2. 5.2.2 Variable Rate Application

      3. 5.2.3 Crop Scouting

      4. 5.2.4 Others

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

        4. 5.3.1.4 Rest of North America

      2. 5.3.2 Europe

        1. 5.3.2.1 United Kingdom

        2. 5.3.2.2 France

        3. 5.3.2.3 Germany

        4. 5.3.2.4 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 India

        2. 5.3.3.2 China

        3. 5.3.3.3 Japan

        4. 5.3.3.4 Australia

        5. 5.3.3.5 Rest of Asia-Pacific

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East & Africa

        1. 5.3.5.1 South Africa

        2. 5.3.5.2 Rest of Middle East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 3D Robotics Inc.

      2. 6.3.2 AeroVironment

      3. 6.3.3 AGCO Corp

      4. 6.3.4 AgEagle LLC

      5. 6.3.5 AutoCopter Corp

      6. 6.3.6 Delair-Tech SAS

      7. 6.3.7 DJI

      8. 6.3.8 DroneDeploy

      9. 6.3.9 Eagle UAV Services

      10. 6.3.10 Honey Comb Corp

      11. 6.3.11 Parrot SA

      12. 6.3.12 Precisionhawk

      13. 6.3.13 Sentera LLC

      14. 6.3.14 Trimble Navigation Limited

      15. 6.3.15 Yamaha Motor

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. AN ASSESSMENT OF COVID-19 IMPACT ON THE MARKET

**Subject to Availability

You can also purchase parts of this report. Do you want to check out a section wise price list?

Frequently Asked Questions

The Agriculture Drones Market market is studied from 2016 - 2026.

The Agriculture Drones Market is growing at a CAGR of 7.1% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

DJI, Trimble Navigation Limited, Ag Eagle, 3DR, AeroVironment, Inc. are the major companies operating in Agriculture Drones Market.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!